If abolishing credit and debit card surcharges is good for the UK, it is good for us too.
If abolishing credit and debit card surcharges is good for the UK, it is good for us too. It is simply a question of justice that all credit and debit card surcharges are abolished in Australia. There must not be any difference between the cash price and the price that any cardholder pays. A cashless society is several decades away at the most. Why would any society tolerate credit or debit surcharges when Australia eventually transitions to a cashless society? Likewise, why would any society tolerate credit or debit card surcharges in a society with cash? Providing that Australia voluntarily follows an EU rule change in December 2015 which capped “interchange fees” throughout Europe on credit and debit cards to no more than 0.3pc for credit cards and 0.2pc for debit cards, there should be no reason that the government cannot abolish all surcharges in Australia!